The trade deficit increased to 11 months in 2017 to over 11 billion euros

09 January 2018, 12:00 PM

By Emea Riga
The deficit of Romania's trade balance (FOB / CIF) reached 11.344 billion euros in the first 11 months of 2017, up by 2.569 billion euros compared to the similar period of 2016, according to the National Institute of Statistics (INS) , published Tuesday.
In the period 1.I-30.XI 2017, the exports and imports increased by 9.5% and by 12.3%, respectively, compared to the period 1.I-30.XI 2016.
 In the period 1.I-30.XI 2017, the FOB exports amounted to 58146.8 million euro and the CIF imports amounted to 69491.2 million euro.
 In the period 1.I-30.XI 2017, the FOB-CIF commercial deficit was of 11344.4 million euro, 2569.9 million euro more than in the period 1.I-30.XI 2016.
 In November 2017, the FOB exports were of 5785.6 million euro and the CIF imports were of 6908.2 million euro, a commercial deficit of 1122.6 million euro being registered.
 Compared to November 2016, the exports increased by 8.9% and the imports increased by 11.8% in November 2017. In the period 1.I-30.XI 2017, the Intra-EU28 trade of goods amounted to 44168.0 million euro for dispatches and to 52721.3 million euro for arrivals, representing 76.0% of total exports and 75.9% of total imports.
In the period 1.I-30.XI 2017, the Extra-EU28 trade of goods amounted to 13978.8 million euro for exports and to 16769.9 million euro for imports, representing 24.0% of total exports and 24.1% of total imports.